APM Terminals invest a further 26 million euros at the Port of Gothenburg

13:06 - 10 Mar 2017 / News

Gothenburg Port Authority and APM Terminals Gothenburg have signed an extension to the existing agreement. The extension involves an ambitious volume undertaking and an investment programme running through to 2024 worth 26 million euro.

“APM Terminals is proud to work with Gothenburg Port Authority to stimulate economic growth in Sweden and to increase our bearing on global trade. If we are to create long-term stability for our customers and employees, it is essential that we find a speedy solution to the current dispute at the container terminal,” said Henrik Kristensen, CEO, APM Terminals Gothenburg.

APM Terminals took over operations at the container terminal in January 2012. In conjunction with the transfer, an investment programme worth 82 million euro was rolled out. The programme will result in extensive upgrading of the terminal, including two new Super Post Panamax ship-to-shore cranes, expansion of the rail system with more and longer tracks, new rail-mounted cranes, and new diesel-electric straddle carriers.

Gothenburg Port Authority and APM Terminals Gothenburg have signed an extension to the existing agreement.

Gothenburg Port Authority and APM Terminals have agreed that the current crane capacity at the terminal is sufficient, which means that the third quayside crane that was planned is no longer needed. Instead, an extension to the agreement has been signed. The agreement comprises two parts: a market share guarantee and a new investment programme worth 26 million euro. Both parts will run until 2024. The investment programme will focus on improved customer service and productivity on both land and water.

Magnus Kårestedt, Chief Executive of Gothenburg Port Authority, is pleased with this new development: “The agreement means that APM Terminals will continue its powerful investment programme at the port and at the same time they have undertaken to work towards achieving ambitious, long-term volume targets. At present, the focus is exclusively on resolving the trade union problems at the terminal, which is vital if we are to win back the confidence of the market. Once a solution has been reached, the new agreement will offer excellent potential for future growth.”